Volac International Ltd. and Wilmar International Ltd. announced July 6 the creation of a joint venture group to develop their added value animal feed fat business around the world.
Volac Wilmar Feed Ingredients combines the nutritional reputation, global brand and sales network of Volac with the operational raw material logistics and scale of Wilmar.
The joint venture will focus on animal feed fats, supporting the dairy farming industry through nutritional expertise, by marketing an expanded "MEGA" branded range of feed fat products that will be responsibly sourced through a leading sustainability approach and by maximizing operational efficiency.
Volac Animal Nutrition managing director David Neville said, "Volac believes that responsibly sourced feed fats will play a key role in sustainable livestock nutrition in the future and, therefore, we are expanding our fats business as part of our company strategy. The joint venture with Wilmar will supply sustainable and traceable fat nutrition ingredients, which will help improve the productivity of livestock production across world markets."
Napoleon Pefianco, managing director of Wilmar Europe Holdings B.V., added that the two companies "have an aspiration to set the agenda for sustainability. Through the joint venture, we will use our combined resources to develop sustainable feed ingredients globally, putting the joint venture at the leading edge of ethically sourced feed fat ingredients."
Volac and Wilmar have an existing business relationship through a joint venture called Volac Ingredients Sdn. Bhd. (VISB), which is based in Malaysia and was established in 2003. This joint venture produces MEGALAC rumen-protected fat under license in China.
Volac is a privately-owned business based near Cambridge, U.K., that focuses on improving livestock productivity and helping consumers to live healthier lives for longer.
Volac has been producing nutritional dairy products for more than 40 years and is a wholly owned subsidiary of Woodford Holdings Ltd., a non-trading company.
Wilmar, founded in 1991 and headquartered in Singapore, is Asia's leading agribusiness group. Wilmar's business activities include oil palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, specialty fats, oleochemical, biodiesel and fertilizer manufacturing and grain processing.